Exclusive-Germany's BayWa targets $4.2 billion in proceeds from asset sales, presentation shows
Germany's BayWa is trying to raise 4 billion euros ($4.2 billion) by selling most of its foreign assets by 2027, according to a presentation seen by Reuters, as the stricken agricultural group seeks ways to lower its debt pile. BayWa plans to sell its Dutch grain and soy trading division Cefetra as well as a 50% stake in Austrian RWA in 2025, the presentation to employees showed, adding that a majority stake in New Zealand-based T&G Global was planned for 2026. A sale of 51% of BayWa's solar and wind project division won't take place before 2027, the presentation showed, due to the currently muted demand for renewable assets.